9 Dec 2016 14:56
PJSC MAGNIT - Decision to Pay DividendsPJSC MAGNIT - Decision to Pay Dividends
PR Newswire
London, December 9
Press-release
Krasnodar
December 9, 2016
Magnit Announces the Decision to Pay Dividends
Krasnodar, Russia (December 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the decision to pay dividends for the 9 months of 2016 reporting year made by the EGM.
The extraordinary general shareholders meeting made the decision to pay dividends on PJSC “Magnit” shares in the total amount of 11,926,078,092.60 rubles which is 126.12 rubles per share following the results of the 9 months of 2016 reporting year.
| Type of securities: | ordinary registered uncertified shares, International Securities Identification Number (ISIN) RU000A0JKQU8 |
| State registration number of the securities issue, date of registration: | 1-01-60525-P of March 4, 2004 |
| Governance body of the Issuer which made the decision to pay dividends: | General Shareholders Meeting |
| Date of the decision to pay dividends: | December 8, 2016 |
| Date and the number of the minutes of meeting where the decision to pay dividends was made: | Minutes w/o No. of 09.12.2016 |
| Reporting period which the dividend is paid for: | 9 months of 2016 reporting year |
| Total amount of dividends: | 11,926,078,092.60 rubles |
| The amount of dividend accrued on one share following the results of the 9 months of 2016 reporting year: | 126.12 rubles |
| Form of payment: | monetary funds in the currency of the Russian Federation by bank transfer |
| Dividend record date: | December 23, 2016 |
| Dividend payment date for nominees: | January 13, 2017 |
| Dividend payment date for the other shareholders: | February 3, 2017 |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@magnit.ru |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.